Business

GCC seeks to support Gulf industrial exports 09 Jun 2014 - 08:40 am

Doha: The Gulf Organisation for Industrial Consulting (GOIC) seeks to support Gulf industrial exports through a series of programmes, especially after the surge...

Microsoft, Sony battle for throne at E3 show 09 Jun 2014 - 08:40 am

SAN FRANCISCO: Muscular new consoles from Microsoft and Sony are girding to battle for the throne of the video game industry at the...

Credit Suisse mulls US fixed income spin-off 09 Jun 2014 - 08:39 am

New York: Credit Suisse is mulling a plan to spin off part of its fixed income business in the United States in order...

S Korea to lower growth outlook 09 Jun 2014 - 08:39 am

Seoul: The government is considering lowering South Korea’s growth outlook for this year due to sluggish domestic demand hurt by the ferry disaster...

Food prices zoom in Sudan; inflation hits 41.2pc in May 09 Jun 2014 - 08:38 am

KHARTOUM: Sudan’s annual inflation rate rose to 41.2 percent in May, reflecting a 3.9 percent monthly rise, the Central Statistics Office said yesterday,...

Opec seen sticking by oil output ceiling 09 Jun 2014 - 08:38 am

VIENNA: Opec is set to stick by its oil output ceiling when it meets this week, as supply tensions linked to global crises...

Alitalia sees job cuts from Etihad tie-up 09 Jun 2014 - 08:37 am

MILAN: The head of Alitalia expects around 2,200 jobs to go under a planned tie-up with Gulf carrier Etihad Airways, he was quoted...

Ooredoo wins Best Islamic Borrower award 09 Jun 2014 - 08:37 am

Doha: Ooredoo was awarded “Best Islamic Borrower” at the annual EMEA Finance Achievements Awards in London, the group said in a statement yesterday....

QInvest is Best Investment Bank 09 Jun 2014 - 08:37 am

Doha: QInvest, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions in the world, yesterday announced that it was...

Arab Federation of Exchanges meet concludes 09 Jun 2014 - 08:36 am

Doha: The 39th Session of the Board of the Arab Federation of Exchanges (AFE) concluded its meetings in Dubai on Thursday. The meeting...

Gates Foundation sells stake in Britain’s G4S 09 Jun 2014 - 08:34 am

LONDON: Microsoft Corp co-founder Bill Gates has sold his entire stake in G4S Plc, the British security firm trying to bounce back from...

Weekly Commodity Update: Energy and precious metals on top as ECB provides a boost 09 Jun 2014 - 08:33 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) While stock markets continued their ascent, not least helped by the latest bout...

Barwa Bank Group net profit up 46pc in 2013 09 Jun 2014 - 04:02 am

Officials at the Barwa Bank’s Annual General Meeting. Doha: Barwa Bank Group recorded strong growth in both its profitability and financial position, with...

Lloyds Bank to price TSB stake sale below book value 08 Jun 2014 - 10:28 pm

A view of the sign board outside a branch of TSB bank in London. LONDON: Lloyds Banking Group will today price the sale...

Shortage of skilled workers 08 Jun 2014 - 10:26 pm

Men look at recruitment advertisements at a labour market in Guangzhou, Guangdong province. A record 7.27 million graduates, equivalent to the entire population...

China May exports gain steam, imports fall 08 Jun 2014 - 10:25 pm

BEIJING: China’s exports gained steam in May thanks to firmer global demand, data showed on Sunday, but an unexpected fall in imports signalled...

QE extends losing streak; down 0.62pc 08 Jun 2014 - 10:23 pm

Doha: Qatar Exchange index lost 82.51 points, or 0.62 percent to close at 13,149.55 points yesterday from the previous closing of 13,232.06 points...

Sipchem, Sahara blame regulatory framework for merger collapse 08 Jun 2014 - 10:23 pm

DUBAI: Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical called off their proposed merger yesterday, citing an inadequate regulatory framework in the kingdom...